Outlook Wealth Advisors LLC Buys 675 Shares of Amphenol Co. (NYSE:APH)

Outlook Wealth Advisors LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 28.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,039 shares of the electronics maker’s stock after acquiring an additional 675 shares during the period. Outlook Wealth Advisors LLC’s holdings in Amphenol were worth $351,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peoples Bank KS bought a new position in Amphenol during the third quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in shares of Amphenol during the 4th quarter worth $29,000. Mendota Financial Group LLC bought a new position in shares of Amphenol during the 4th quarter worth $33,000. Venturi Wealth Management LLC increased its holdings in Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 1.2 %

Shares of NYSE:APH traded up $1.48 on Friday, reaching $120.49. 4,172,919 shares of the company traded hands, compared to its average volume of 3,505,085. Amphenol Co. has a 52 week low of $72.77 and a 52 week high of $121.25. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $112.04 and its 200 day simple moving average is $99.70. The stock has a market capitalization of $72.48 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.13 and a beta of 1.30.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 3.34 EPS for the current fiscal year.

Amphenol declared that its board has approved a share buyback plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is 26.91%.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,000 shares of company stock valued at $31,846,050. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APH shares. Truist Financial lifted their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup boosted their target price on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Bank of America increased their target price on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their price target on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.